WEEKLY NEWS- 27th Sep- 3rd Oct,2010

Submitted By:- Tanpreet Kaur

MBA-2A

SAAB owner in talks with BMW for parts, tech

SAAB owner and luxury car maker Spyker is in talks with German peer BMW about parts and technology in a move to treble its sales volumes.

Loss making Saab which was bought earlier this year by Dutch listed Spyker from US based General Motors

Nokia loses 20% market in six months

Nokia that failed to keep pace with Rs. 30,000 mobile market in India, has seen market crash close to 20% in the first six moths of 2010.

Finnish company accounted for only 36.3% handsets sales in india due to growing competetion from new mobile makers, micromax, spice, lava, carbon etc.

WAL-MART eyes Africa with $4.6 billion deal

Wal mart stores the world’s largest retailer plans to buy Massmart holdings for $4.6 billion entering Africa in its biggest deal in more than a decade.

Massmart shares rose as much as 16.68 rand to 151.43 rand and traded at 149.5 rand giving the company a market value of about 30 billion rand.

Mass mart operates a total of 290 stores mostly in South Africa.

IBM to boost Airtel IT infra to service 500 billion customers

US IT giant IBM will provide Bharti Airtel with an IT infrastructure that can support 500 million customers the globe.

Earlier this month Bharti Airtel took the initial steps to replicate its hugely successful outsourcing model in Africa by awarding a $1.5 billion contract to IBM for managing its IT requirement across 16 countries.

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